Welcome to
Masurina Ltd
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Welcome to Masurina Ltd
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Masurina Ltd began operations in 1974. In spite of very humble beginnings it was set up as a public company so that as many ordinary Milne Bay people as possible could participate as shareholders, and so that the profits we hoped to make could be widely distributed. This worked well in the early years and AGMs were always major events attended by large numbers of shareholders coming to receive their dividends. By
the late 1990s, however, many of the original shareholders had either
died, or had to sell their shares to pay for school fees etc. The ambiance
of the company had changed and the two surviving founders – John Crittin
and Chris Abel, finding their interests diverging, decided to split the
company in order to pursue their separate goals.
A formal share buyback plan was proposed and accepted. Early
shareholders reaped handsome gains but all received back their original
investment plus varying levels of profit. The new Masurina is still a
public, but wholly local
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We
aim to create employment opportunities and to share wealth and prosperity;
to improve the economic well-being and quality of life of all who are
involved as shareholders or employees; and to be successful in business
while still retaining a sense of humanity and caring for people. We regard wealth-creation and the spreading of wealth, and fostering the development of a strong, broad-based private sector, as our contribution towards stability within the community. It is our belief that a buoyant and viable private sector is essential for an effectively functioning and just society. Equality
of
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